Sable Resources Ltd. Announces Closing of Private Placement

SableResources_15052019

TORONTO, May 15, 2019 Sable Resources Ltd. (TSXV: SAE) (the “Company” or “Sable”) is pleased to announce that it has closed the first tranche of a non-brokered private placement (the “Offering”) pursuant to which it has issued 5,753,333 units (“Units”) at a price of $0.15 per Unit to raise aggregate gross proceeds of approximately $863,000. Each Unit consists of one common share of the Company and one-half of one share purchase warrant (each whole such share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common
share of the Company at an exercise price of $0.25 until the date which is two years from the closing date of the Offering.

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